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Astaxanthin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 145 Pages
  • June 2022
  • Region: Global
  • IMARC Group
  • ID: 5615013

FEATURED COMPANIES

  • BASF SE
  • Beijing Gingko Group
  • Cardax Inc
  • Cyanotech Corporation
  • Fenchem Biotek Ltd
  • Koninklijke DSM N.V.
The global astaxanthin market reached a value of US$ 696.4 Million in 2021. Looking forward, the publisher expects the market to reach US$ 1,122.1 Million by 2027, exhibiting a CAGR of 8.28% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.



Astaxanthin (C40H52O4) is a red fat, soluble carotenoid pigment found in various microorganisms and marine animals. It belongs to chemical compounds known as terpenes that are made from five-carbon precursors, dimethylallyl diphosphate and isopentenyl diphosphate. It has antioxidants and anti-inflammatory and antineoplastic properties, which assist in enhancing the immune system, preventing damage caused by ultraviolet (UV) rays, protecting against chemically induced cancers, and treating several diseases. Consequently, it is utilized as a functional food ingredient, dietary supplement, and feed additive across the globe.

Astaxanthin Market Trends:


The increasing prevalence of diseases like diabetes, cancer, cognitive health problems and cardiovascular diseases represents one of the significant factors propelling the growth of the market. Astaxanthin aids in increasing blood flow, minimizing blood sugar levels and reducing pain in muscles, joints, and tendons. It also prevents photoaging, improves sleep cycles, combats depression, and increases sperm motility. Besides this, on account of its ability to preserve the taste, color, freshness, and quality of food items, there is a significant rise in the demand for astaxanthin as a food-additive and food-coloring agent in the food and beverage (F&B) industry across the globe. Furthermore, astaxanthin is widely used for skin tightening, decreasing fine lines and wrinkles and retaining moisture and elasticity. Apart from this, various manufacturers are utilizing cost-effective technologies to reduce water wastage and save electricity, which is acting as another growth-inducing factor. For instance, they are employing a sealed microalgae cultivation system that minimizes the risks associated with microbial contamination and agricultural residue. Other major factors, including the increasing preference for dietary supplements and rising nutritional deficiency among individuals, are projected to bolster the market growth.

Key Market Segmentation:


The publisher provides an analysis of the key trends in each sub-segment of the global astaxanthin market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on source, product and application.

Breakup by Source:

  • Natural
  • Yeast
  • Krill/Shrimp
  • Microalgae
  • Others
  • Synthetic

Breakup by Product:

  • Dried Algae Meal or Biomass
  • Oil
  • Softgel
  • Liquid
  • Others

Breakup by Application:

  • Nutraceuticals
  • Cosmetics
  • Aquaculture and Animal Feed
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:


The competitive landscape of the industry has also been examined along with the profiles of the key players being Algatech LTD(Société La Biochimie Appliquée SA), BASF SE, Beijing Gingko Group, Cardax Inc, Cyanotech Corporation, Divi's Laboratories Limited, E.I.D. - Parry (India) Limited (Murugappa Group), Fenchem Biotek Ltd, Fuji Chemical Industries Co. Ltd. , Koninklijke DSM N.V. and Piveg Inc.

Key Questions Answered in This Report

1. What was the size of the global astaxanthin market in 2021?
2. What is the expected growth rate of the global astaxanthin market during 2022-2027?
3. What are the key factors driving the global astaxanthin market?
4. What has been the impact of COVID-19 on the global astaxanthin market?
5. What is the breakup of the global astaxanthin market based on the source?
6. What is the breakup of the global astaxanthin market based on the product?
7. What is the breakup of the global astaxanthin market based on the application?
8. What are the key regions in the global astaxanthin market?
9. Who are the key players/companies in the global astaxanthin market?

FEATURED COMPANIES

  • BASF SE
  • Beijing Gingko Group
  • Cardax Inc
  • Cyanotech Corporation
  • Fenchem Biotek Ltd
  • Koninklijke DSM N.V.

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Astaxanthin Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Source
6.1 Natural
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Yeast
6.1.2.2 Krill/Shrimp
6.1.2.3 Microalgae
6.1.2.4 Others
6.1.3 Market Forecast
6.2 Synthetic
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Product
7.1 Dried Algae Meal or Biomass
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Oil
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Softgel
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Liquid
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Nutraceuticals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cosmetics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Aquaculture and Animal Feed
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Algatech LTD(Société La Biochimie Appliquée SA)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 BASF SE
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Beijing Gingko Group
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Cardax Inc
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Cyanotech Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Divi's Laboratories Limited
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 E.I.D. - Parry (India) Limited (Murugappa Group)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Fenchem Biotek Ltd
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Fuji Chemical Industries Co. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Koninklijke DSM N.V.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Piveg Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Astaxanthin Market: Major Drivers and Challenges
Figure 2: Global: Astaxanthin Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Astaxanthin Market: Breakup by Source (in %), 2021
Figure 5: Global: Astaxanthin Market: Breakup by Product (in %), 2021
Figure 6: Global: Astaxanthin Market: Breakup by Application (in %), 2021
Figure 7: Global: Astaxanthin Market: Breakup by Region (in %), 2021
Figure 8: Global: Astaxanthin (Natural) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Astaxanthin (Natural) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Astaxanthin (Synthetic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Astaxanthin (Synthetic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Astaxanthin (Dried Algae Meal or Biomass) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Astaxanthin (Dried Algae Meal or Biomass) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Astaxanthin (Oil) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Astaxanthin (Oil) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Astaxanthin (Softgel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Astaxanthin (Softgel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Astaxanthin (Liquid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Astaxanthin (Liquid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Astaxanthin (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Astaxanthin (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Astaxanthin (Nutraceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Astaxanthin (Nutraceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Astaxanthin (Cosmetics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Astaxanthin (Cosmetics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Astaxanthin (Aquaculture and Animal Feed) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Astaxanthin (Aquaculture and Animal Feed) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Astaxanthin (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Astaxanthin (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Astaxanthin Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Astaxanthin Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Astaxanthin Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Astaxanthin Industry: SWOT Analysis
Figure 80: Global: Astaxanthin Industry: Value Chain Analysis
Figure 81: Global: Astaxanthin Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Astaxanthin Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Astaxanthin Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 3: Global: Astaxanthin Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 4: Global: Astaxanthin Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Astaxanthin Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Astaxanthin Market: Competitive Structure
Table 7: Global: Astaxanthin Market: Key Players
  • Algatech LTD(Société La Biochimie Appliquée SA)
  • BASF SE
  • Beijing Gingko Group
  • Cardax Inc
  • Cyanotech Corporation
  • Divi's Laboratories Limited
  • E.I.D. - Parry (India) Limited (Murugappa Group)
  • Fenchem Biotek Ltd
  • Fuji Chemical Industries Co. Ltd.
  • Koninklijke DSM N.V.
  • Piveg Inc.

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